RBI reduced repo (interest) rates (rates at which it lends money to banks) by 25 basis points from 7.5 per cent to 7.25 per cent.
>> Repo rate cut 25 basis points to 7.25 per cent.
>> Cash reserve ratio left unchanged at 4 per cent.
>> FY14 GDP growth projected at 5.7 per cent: RBI
>> WPI inflation for the fiscal FY14 expected to be around 5.5 per cent: RBI
>> Biggest risk to economy stems from Current Account Deficit (CAD): RBI
>> Likelihood of capital flight due to growth concerns in advanced economies: RBI
>> Deficits remain high despite recent government actions: RBI
>> RBI proposes doubling of priority sector lending limits to MSMEs to Rs 5 crore.
>> Can’t afford to lower guard against inflation, says the central bank
>> Modest improvement seen in growth in FY14: RBI
>> Growth in services and exports to remain sluggish: RBI
>> Food inflation to add further pressure to inflation management: RBI
>> Aim to reach 5.5 per cent inflation by March 2014: RBI
>> Growth-inflation dynamics leave little room for further easing: RBI
>> Investigations into Cobrapost’s sting operation calls for a better regulatory compliance by banks: RBI
>> Banks are not carrying out customer due diligence while marketing and distributing third-party products: RBI